A guide for Toyota customers on the upcoming import tax on select vehicles imposed by the PH government, effective March 1, 2021.
1. What is a Provisional Safeguard Duty?
The provisional safeguard duty is an import duty imposed by the Bureau of Customs as per DTI Department Administrative Order (DAO) No. 20-11 on certain imported motor vehicles effective February 1, 2021.
2. What Toyota models are affected?
PRODUCT COVERED | TOYOTA MODELS |
All Passenger Cars Less than 10 seating capacity | 86 Wigo Avanza Camry G Corolla Altis Corolla Cross Yaris FJ Cruiser Fortuner V and G RAV4 Rush |
Light Commercial Vehicles Less than 10 seating capacity | Hilux Hilux Cab and Chassis Hiace Cargo |
3. What Toyota models are exempted?
EXEMPTED MODELS |
Vios, Innova, Prius, Supra, Camry V, Fortuner LTD and Q, Prado, Hiace, Alphard, Coaster |
4. What does this mean for the customers?
Effective March 1, 2021, a deposit will be collected from customers to cover the provisional safeguard duty upon purchase of the covered vehicle as shown below. Our Marketing Professionals will provide your further details on this.
Products | SG Duty Rate | Deposit |
All Passenger Cars Less than 10 seating capacity | Php 70,000 per unit | Php 78,400 (inc. of VAT) |
Light Commercial Vehicles Less than 10 seating capacity | Php 110,000 per unit | Php 123, 200 (inc. of VAT) |
5. When do I have to make the deposit
The deposit will be collected during the down payment. This will be held in trust for the customer and an Acknowledgment Receipt will be issued.
6. Will the provisional duty rates be permanent?
Depending on the results of the investigation, if the Tariff Commission determines there is a basis to impose safeguard duty, DTI will determine the definitive duty rate to be imposed.
7. What happens to my deposit?
In the event that the DTI will impose a definitive duty rate, the deposit will be treated as additional payment for the vehicle. Otherwise, the Dealer will be refunding the deposit to the customer.
8. What do I need to do in case there is a refund?
To claim the deposit, customer or an authorized representative should only come to the dealer and bring the following:
- 1 valid government-issued ID. If a representative will claim, representative should also have 1 valid gov’t-issued ID.
- Signed and dated authorization letter from customer is required from the representative